Aigen Investment Management LP Takes $1.70 Million Position in Fiserv, Inc. $FISV

Aigen Investment Management LP purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, Holdings Channel reports. The fund purchased 25,303 shares of the business services provider’s stock, valued at approximately $1,700,000.

Several other hedge funds have also modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $121,895,000. Aptus Capital Advisors LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $592,000. Altrafin AG purchased a new position in Fiserv in the 4th quarter valued at approximately $2,807,000. Arete Wealth Advisors LLC purchased a new position in Fiserv in the 4th quarter valued at approximately $513,000. Finally, Jacobi Capital Management LLC purchased a new position in Fiserv in the 4th quarter valued at approximately $491,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $53.78 on Friday. The company has a market cap of $28.68 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.51 and a beta of 0.79. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 52 week low of $51.78 and a 52 week high of $177.36. The business has a fifty day simple moving average of $57.33 and a 200-day simple moving average of $61.10.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current year.

Analyst Upgrades and Downgrades

FISV has been the subject of several research analyst reports. Loop Capital dropped their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Cantor Fitzgerald dropped their price objective on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Raymond James Financial downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Finally, Morgan Stanley raised their price objective on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $82.23.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.